Broadcasting Media Partners Completes Acquisition of Univision

March 29, 2007, New York - Univision
Communications Inc. (NYSE: UVN), the leading Spanish-language media
company in the U.S., today announced the completion of its
acquisition by Broadcasting Media Partners Inc. ("BMP"), an
investor group including Madison Dearborn Partners, Providence
Equity Partners, TPG, Thomas H. Lee Partners, and Saban Capital
Group, for $36.25 per share in cash. The transaction was originally
announced on June 27, 2006.

Univision Communications Inc. common stock ceased trading on the
New York Stock Exchange before the opening of the market today and
will no longer be listed.

A. Jerrold Perenchio, Univision's Chairman and Chief Executive
Officer, commented, "I would like to express my deep gratitude to
all of Univision's employees for their many contributions to the
Company's success and for their devotion to its mission of
providing quality news, information, and entertainment to Hispanic
audiences throughout the U.S. I am enormously proud of all that
Univision has accomplished since 1992 and look forward to following
the next phase of its growth, which will undoubtedly be
characterized by continued success under the leadership of its new
owners."

BMP commented, "We are extremely pleased to have achieved a
successful and timely closing of our acquisition of Univision, a
terrific company with a unique position in the U.S. media
landscape. We look forward to working with the Company's newly
appointed CEO, Joe Uva, and Univision's talented management team
and employees to take full advantage of the enormous opportunities
the Company will have in the years ahead. We share Joe's commitment
to maintaining Univision's unique connection with and commitment to
serving the needs of the burgeoning U.S. Hispanic community."

"Univision has a rich and impressive history, and I am very
excited to join the Company in partnership with its new owners, who
have a proven track record of growing successful media companies,"
said Uva. "Jerry Perenchio and his management team have done an
exceptional job of building Univision into the premier
Spanish-language media company and the fifth largest network
overall. Univision's programming quality and audience loyalty are
second to none, creating unmatched opportunities for advertisers to
successfully reach the U.S. Hispanic community. I look forward to
working with Univision's senior management team, employees,
Televisa and other programming and industry partners, as well as
the entire BMP team to build on the Company's leadership position
while continuing to be Hispanic America's first choice for
information and entertainment."

Credit Suisse Securities (USA) LLC and Deutsche Bank, as well as
Bank of America, Lehman Brothers, and Wachovia, acted as financial
advisors to BMP in connection with this acquisition. Weil, Gotshal
& Manges LLP and Covington & Burling LLP served as its
legal advisors. UBS Investment Bank acted as financial advisor to
Univision and Skadden, Arps, Slate, Meagher & Flom LLP and
O'Melveny & Myers LLP served as its legal advisors.

Univision Communications Inc.
Univision Communications Inc. is the premier Spanish-language media
company in the United States. Its operations include Univision
Network, the most-watched Spanish-language broadcast television
network in the U.S. reaching 99% of U.S. Hispanic Households;
TeleFutura Network, a general-interest Spanish-language broadcast
television network, which was launched in 2002 and now reaches 87%
of U.S. Hispanic Households; Galavision, the country's leading
Spanish-language cable network; Univision Television Group, which
owns and operates 62 television stations in major U.S. Hispanic
markets and Puerto Rico; Univision Radio, the leading
Spanish-language radio group which owns and/or operates 69 radio
stations in 16 of the top 25 U.S. Hispanic markets and 4 stations
in Puerto Rico; Univision Music Group, which includes Univision
Records, Fonovisa Records, La Calle Records and Mexico-based Disa
Records as well as Fonomusic and America Musical Publishing
companies; and Univision Online, the premier Spanish-language
Internet destination in the U.S. located at www.univision.com. Univision Communications
also has a 50% interest in TuTv, a joint venture formed to
broadcast Televisa's pay television channels in the U.S., and a
non-voting 14.9% interest in Entravision Communications
Corporation, a public Spanish-language media company. Univision
Communications is headquartered in Los Angeles with television
network operations in Miami and television and radio stations and
sales offices in major cities throughout the United States.

This document contains forward-looking statements that involve
risks and uncertainties, including those relating to expected
effects, timing and completion of the merger transaction, the
Company's future success and growth. Factors that could cause
actual results to differ materially from those expressed or implied
by the forward-looking statements include; cancellation or
reductions in advertising; failure of our new or existing
businesses to produce projected revenues or cash flow; failure to
obtain the benefits expected from cross-promotion of media;
regional downturns in economic conditions in those areas where our
stations are located; changes in the rules and regulations of the
Federal Communications Commission; a decrease in the supply or
quality of programming; an increase in the cost of programming; an
increase in the preference among Hispanics for English-language
programming; the need for any unanticipated expenses; competitive
pressures from other broadcasters and other entertainment and news
media; Internet piracy, home copying and Internet downloading;
further recorded music industry declines; potential impact of new
technologies; unanticipated interruption in our broadcasting for
any reason, including acts of terrorism; write downs of the
carrying value of assets due to impairment; failure to obtain
expected savings from our vendor efficiency review, organization
changes and the merger and related transactions; and a failure to
achieve profitability, growth or anticipated cash flows from
acquisitions. Factors that could cause actual results to differ
materially from those expressed or implied by the forward-looking
statements include, but are not limited to, those described in
"Risk Factors" contained in our Annual Report on Form 10-K for the
year ended December 31, 2006. The Company assumes no obligation to
update forward-looking information contained in this press
release.

Madison Dearborn Partners, LLC
Madison Dearborn Partners, based in Chicago, is one of the most
experienced and successful private equity investment firms in the
United States. MDP has more than $14 billion of equity capital
under management and makes new investments through its most recent
fund, Madison Dearborn Capital Partners V, a $6.5 billion
investment fund raised in 2006. MDP focuses on management buyout
transactions and other private equity investments across a broad
spectrum of industries, including basic industries, communications,
consumer, financial services, and health care. Over the last
decade, MDP has been an active investor in the communications
sector, with investments in such companies as Clearnet
Communications, Intelsat, Ltd., MetroPCS, Nextel Partners,
Omnipoint Corporations, Telemundo Communications Group and XM
Satellite Radio. For more information, please visit the MDP website
at www.mdcp.com.

Providence Equity Partners Inc.
Providence Equity Partners Inc. is a global private investment firm
specializing in equity investments in media, entertainment,
communications and information companies around the world. The
principals of Providence Equity manage funds with approximately $21
billion in equity commitments and have invested in more than 100
companies operating in over 20 countries since the firm's inception
in 1990. Significant investments include Bresnan Broadband
Holdings, Casema, Com Hem, Digiturk, Education Management
Corporation, eircom, Freedom Communications, Idea Cellular, Kabel
Deutschland, Metro-Goldwyn-Mayer, Ono, PanAmSat, ProSiebenSat.1,
Recoletos, TDC, VoiceStream Wireless, Warner Music Group, Western
Wireless and Yankees Entertainment Sports Network. Providence
Equity is headquartered in Providence, RI, and has offices in New
York and London. The firm is in the process of opening offices in
Hong Kong and New Delhi.

TPG
TPG is a private investment partnership that was founded in 1992
and currently has more than $30 billion of assets under management.
Headquartered in Fort Worth, with offices in San Francisco, London,
Hong Kong, New York, Minneapolis, Melbourne, Menlo Park, Mumbai,
Shanghai, Singapore and Tokyo, TPG has extensive experience with
global public and private investments executed through leveraged
buyouts, recapitalizations, spinouts, joint ventures and
restructurings. TPG seeks to invest in world-class franchises
across a range of industries. Prior investments in media and
communications include Findexa, Hotwire, Metro-Goldwyn-Mayer and
TIM Hellas. Other significant investments include Aleris, Burger
King, Continental Airlines, Debenhams, Ducati, MEMC, J. Crew,
Neiman Marcus, Petco, Seagate and Texas Genco. Visit www.tpg.com.

Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners, L.P. is one of the largest and oldest
private equity investment firms in the United States and has raised
and managed almost $20 billion of capital, making investments in
over 100 businesses since its founding in 1974. Today, by remaining
focused on growth oriented companies with strong fundamentals and
investing in large buyouts primarily in North America, THL Partners
continues to build on a strong track record of creating lasting
value and delivering exceptional returns to its investors. Notable
transactions sponsored by the firm include Dunkin' Brands, Simmons,
The Nielsen Company (formerly VNU), Warner Music Group and the
announced acquisition of Clear Channel Communications, as well as
the recent realizations of investments such as Houghton Mifflin and
ProSiebenSat.1.

Saban Capital Group
Saban Capital Group, Inc. is a private investment firm specializing
in the media and entertainment industries. Based in Los Angeles,
SCG was established in 2001 by Haim Saban, founder of Saban
Entertainment, a global television broadcasting, production,
distribution, merchandising and music company that was sold to the
Walt Disney Corporation in 2001 in a $5.2 billion transaction. The
firm makes both controlling and minority investments in public and
private companies worldwide, including ProSiebenSat.1, Germany's
biggest television group; Keshet Broadcasting Ltd., Israel's
leading television network; and Bezeq, Israel's national phone
company, and adds strategic value through its established
relationships and industry experience.